COMMENT 'It will be worth it -just think of the sheer horror on our faces...'

摘要

The water contracting world has been tinged with shock and sadness with Imtech Water, Waste & Energy (WWE) having gone into administration (see front page). It's the first major casualty the industry has seen in about three years. And one has to ask whether the company would still be trading normally if Imtech UK's Dutch parent, Royal Imtech had not gone bankrupt. A major cause of Imtech WWE's problems was a small number of loss-making contracts in the UK water sector. Project losses concerning the closure of several larger older contracts and market related start-up delays of new projects schemes were blamed.